Crypto Wallet arrives at Veritas, pre-registration open to benefit first, click HERE for more information

The new Veritas is coming. Pre-order until July 15 and get a special price. Pre-order HERE

ExpressIssue, exclusive communication module from Veritas. To respond to complex situations, Veritas offers to make a telephone appointment, click HERE for more information

This is message about PCSIL one of our service provider which is issuing cards and could maybe concerned you if you have a card which had been issued by PCSIL - READ MORE

Prepaid Card for Employees

NOTE: At Veritas, we believe it is important to explain in detail all aspects of the “prepaid card for employees” product so that everyone can choose the one that suits them best. The information on this web page is generic and provided for informational purposes only to help the reader understand the “prepaid card for employees” product in general. It should not be considered absolutely comprehensive and may vary depending on local legislation or other factors. Therefore, in the event of subscription, this information does not replace reading and accepting the terms and conditions.

business owner or manager
Are you a business owner or manager looking to improve the management of your employees' or collaborators' professional expenses? The prepaid card for employees is undoubtedly one of the best solutions, both for the company and its employees. The management of expense reports in companies, often a costly challenge in terms of time and resources, is simplified with payment card solutions like Card Veritas. Our prepaid bank cards revolutionize the way professional expenses are managed, offering simpler and more transparent management. Say goodbye to the hassles of traditional expense reports and welcome a more modern and streamlined approach.

What is a Prepaid Card for Employees?

As the name suggests, the prepaid card for employees is a payment card intended for employees of a company. This account-free card allows easy settlement of professional expenses inherent to their position, such as travel, meals, or material purchases. It is not a credit card but a card that allows spending only the available funds, which could be pre-loaded online, for example. This solution offers an alternative to traditional bank cards and reimbursements on proof, which can sometimes be a source of errors, delays, or disputes. It presents several advantages for employees and their employers, and its implementation is generally quite easy and quick.

Advantages and Disadvantages of a Prepaid Card for Employees

Advantages Disadvantages
Control of expenses: customizable limits to manage budgets. Limitation of funds: need to regularly recharge the card.
Increased security: reduces the risk of fraud and unauthorized spending. Less flexibility: no overdraft possible in case of an emergency.
Simplified management: no reimbursement of expense reports.
Transparency of transactions: real-time tracking of expenses.
Autonomy for employees: facilitates urgent purchases and payments.

Benefits of the Prepaid Card for Employees

Simplicity and Speed of Use
For employees, using a prepaid card greatly simplifies the management of professional expenses. No need to keep all receipts or fill out detailed expense reports: the process is simple, just pay directly with the card, and that's it. This method saves considerable time for employees, who can thus focus on their professional activity rather than these time-consuming administrative tasks.
Control of Expenses
For employers, one of the main benefits of using a prepaid card for employees is the control of expenses. Indeed, this solution allows managers to precisely manage budgets allocated to different expense items and thus avoid overspending and other abuses by collaborators. Prepaid cards can be remotely recharged by the company, and their limit can be adjusted based on actual needs and internal policies of the organization.
Real-Time Control
The prepaid card also allows real-time control of expenses incurred by employees. Thanks to specific tools, managers and financial officers have access to clear and precise information regarding the use of cards, which greatly facilitates monitoring and verification of professional expenses incurred.
Increased Security
Unlike cash or checks, prepaid cards for employees offer a high level of security. In case of loss or theft of the card, simply inform the company and the provider like Card Veritas promptly to block the remaining balance.
Limitations of a Prepaid Card for Employees
An employer who opts for a prepaid card is warned not just about the disadvantages but about the limitations of such a card.
For instance, a prepaid card must, by definition, be recharged.
A prepaid card for an employee, as for an individual, has a payment ceiling corresponding to the money available on the card. No spending beyond this available balance is possible.

How to Implement a Prepaid Card Solution for Employees?

solution for employees
To benefit from the advantages of prepaid cards in your company, you should follow a few key steps:
  1. Choose the right provider: choose Card Veritas and its prepaid card solutions for employees. Check our rates, limits, features, compatibility with your internal tools, etc., to ensure it meets your needs and expectations.
  2. Inform and train employees: before deploying prepaid cards within your company, plan an information and training phase for your employees. They need to know how to use the card, as well as specific rules to follow for the professional expenses involved.
  3. Customize the settings: customize your card according to your company and its specific needs.
  4. Ensure regular monitoring: once the prepaid cards are deployed among your employees, ensure regular monitoring of the expenses incurred. This will allow you to occasionally adjust the budgets allocated and detect any potential anomalies or irregularities quickly.
13
Years of experience
37M
Merchants & ATM acceptance
1.3M
Happy registered customers
35
Countries Available
man holding veritas card

Service & Support by
real humans, not bots

Customer Service in English at your service by ticket 24/24, by
phone from Monday to Saturday from 9h to 18h30

Contact us
image of sitting lion